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Industrial Design Market 2024-2028

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    Report

  • 128 Pages
  • October 2024
  • Region: Global
  • TechNavio
  • ID: 5515010
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The industrial design market is forecasted to grow by USD 14.17 billion during 2023-2028, accelerating at a CAGR of 5.1% during the forecast period. The report on the industrial design market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for computer-aided design (CAD) for manufacturing products, increasing urbanization and rising disposable incomes, and rising need to improve quality of manufacturing.

The industrial design market is segmented as below:

By Product

  • Product design
  • Model design and fabrication
  • Others

By Geographical Landscape

  • APAC
  • North America
  • Europe
  • South America
  • Middle East and Africa
This study identifies the end-users gradually shifting to 4d cad as one of the prime reasons driving the industrial design market growth during the next few years. Also, vendors strategies and growing demand for cloud-based services will lead to sizable demand in the market.

The report on the industrial design market covers the following areas:

  • Industrial Design Market sizing
  • Industrial Design Market forecast
  • Industrial Design Market industry analysis
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial design market vendors that include Advanta Design Group Inc., Ammunition LLC, Astronics Corp., Beyonddesign Inc., Bresslergroup, Concepto Studios Inc., Designworks, Fahrenheit Design LLC, Fig40, Gibson Product Design, IDEO LP, Karten Design, PDD Group Ltd., RKS DESIGN INC., RSW GbR, Seymour Powell Ltd., Shanghai Bonaudi Cultural Communication Co. Ltd., tangerine ltd, TEAGUE, and WHIPSAW INC. Also, the industrial design market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Product
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ billion)
Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Industrial Design Market 2018 - 2022
Historic Market Size - Data Table on Global Industrial Design Market 2018 - 2022 ($ billion)
4.2 Product segment analysis 2018 - 2022
Historic Market Size - Product Segment 2018 - 2022 ($ billion)
4.3 Geography segment analysis 2018 - 2022
Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.4 Country segment analysis 2018 - 2022
Historic Market Size - Country Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
5.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Product
6.1 Market segments
Chart on Product - Market share 2023-2028 (%)
Data Table on Product - Market share 2023-2028 (%)
6.2 Comparison by Product
Chart on Comparison by Product
Data Table on Comparison by Product
6.3 Product design - Market size and forecast 2023-2028
Chart on Product design - Market size and forecast 2023-2028 ($ billion)
Data Table on Product design - Market size and forecast 2023-2028 ($ billion)
Chart on Product design - Year-over-year growth 2023-2028 (%)
Data Table on Product design - Year-over-year growth 2023-2028 (%)
6.4 Model design and fabrication - Market size and forecast 2023-2028
Chart on Model design and fabrication - Market size and forecast 2023-2028 ($ billion)
Data Table on Model design and fabrication - Market size and forecast 2023-2028 ($ billion)
Chart on Model design and fabrication - Year-over-year growth 2023-2028 (%)
Data Table on Model design and fabrication - Year-over-year growth 2023-2028 (%)
6.5 Others - Market size and forecast 2023-2028
Chart on Others - Market size and forecast 2023-2028 ($ billion)
Data Table on Others - Market size and forecast 2023-2028 ($ billion)
Chart on Others - Year-over-year growth 2023-2028 (%)
Data Table on Others - Year-over-year growth 2023-2028 (%)
6.6 Market opportunity by Product
Market opportunity by Product ($ billion)
Data Table on Market opportunity by Product ($ billion)
7 Customer Landscape
7.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
8 Geographic Landscape
8.1 Geographic segmentation
Chart on Market share By Geographical Landscape 2023-2028 (%)
Data Table on Market share By Geographical Landscape 2023-2028 (%)
8.2 Geographic comparison
Chart on Geographic comparison
Data Table on Geographic comparison
8.3 APAC - Market size and forecast 2023-2028
Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Chart on APAC - Year-over-year growth 2023-2028 (%)
Data Table on APAC - Year-over-year growth 2023-2028 (%)
8.4 North America - Market size and forecast 2023-2028
Chart on North America - Market size and forecast 2023-2028 ($ billion)
Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Chart on North America - Year-over-year growth 2023-2028 (%)
Data Table on North America - Year-over-year growth 2023-2028 (%)
8.5 Europe - Market size and forecast 2023-2028
Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Chart on Europe - Year-over-year growth 2023-2028 (%)
Data Table on Europe - Year-over-year growth 2023-2028 (%)
8.6 South America - Market size and forecast 2023-2028
Chart on South America - Market size and forecast 2023-2028 ($ billion)
Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Chart on South America - Year-over-year growth 2023-2028 (%)
Data Table on South America - Year-over-year growth 2023-2028 (%)
8.7 Middle East and Africa - Market size and forecast 2023-2028
Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
8.8 US - Market size and forecast 2023-2028
Chart on US - Market size and forecast 2023-2028 ($ billion)
Data Table on US - Market size and forecast 2023-2028 ($ billion)
Chart on US - Year-over-year growth 2023-2028 (%)
Data Table on US - Year-over-year growth 2023-2028 (%)
8.9 China - Market size and forecast 2023-2028
Chart on China - Market size and forecast 2023-2028 ($ billion)
Data Table on China - Market size and forecast 2023-2028 ($ billion)
Chart on China - Year-over-year growth 2023-2028 (%)
Data Table on China - Year-over-year growth 2023-2028 (%)
8.10 Germany - Market size and forecast 2023-2028
Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Chart on Germany - Year-over-year growth 2023-2028 (%)
Data Table on Germany - Year-over-year growth 2023-2028 (%)
8.11 Japan - Market size and forecast 2023-2028
Chart on Japan - Market size and forecast 2023-2028 ($ billion)
Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
Chart on Japan - Year-over-year growth 2023-2028 (%)
Data Table on Japan - Year-over-year growth 2023-2028 (%)
8.12 India - Market size and forecast 2023-2028
Chart on India - Market size and forecast 2023-2028 ($ billion)
Data Table on India - Market size and forecast 2023-2028 ($ billion)
Chart on India - Year-over-year growth 2023-2028 (%)
Data Table on India - Year-over-year growth 2023-2028 (%)
8.13 Market opportunity By Geographical Landscape
Market opportunity By Geographical Landscape ($ billion)
Data Tables on Market opportunity By Geographical Landscape ($ billion)
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
Overview on factors of disruption
10.4 Industry risks
Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
Companies covered
11.2 Market positioning of companies
Matrix on companies position and classification
11.3 Ammunition LLC
Ammunition LLC - Overview
Ammunition LLC - Product / Service
Ammunition LLC - Key offerings
11.4 Bresslergroup
Bresslergroup - Overview
Bresslergroup - Product / Service
Bresslergroup - Key offerings
11.5 Designworks
Designworks - Overview
Designworks - Product / Service
Designworks - Key offerings
11.6 IDEO LP
IDEO LP - Overview
IDEO LP - Product / Service
IDEO LP - Key offerings
11.7 Karten Design
Karten Design - Overview
Karten Design - Product / Service
Karten Design - Key offerings
11.8 PDD Group Ltd.
PDD Group Ltd. - Overview
PDD Group Ltd. - Product / Service
PDD Group Ltd. - Key offerings
11.9 RKS DESIGN INC.
RKS DESIGN INC. - Overview
RKS DESIGN INC. - Product / Service
RKS DESIGN INC. - Key offerings
11.10 Seymour Powell Ltd.
Seymour Powell Ltd. - Overview
Seymour Powell Ltd. - Product / Service
Seymour Powell Ltd. - Key offerings
11.11 TEAGUE
TEAGUE - Overview
TEAGUE - Product / Service
TEAGUE - Key offerings
11.12 WHIPSAW INC.
WHIPSAW INC. - Overview
WHIPSAW INC. - Product / Service
WHIPSAW INC. - Key offerings
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
12.3 Currency conversion rates for US$
Currency conversion rates for US$
12.4 Research methodology
Research methodology
12.5 Data procurement
Information sources
12.6 Data validation
Data validation
12.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
12.8 Data synthesis
Data synthesis
12.9 360 degree market analysis
360 degree market analysis
12.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Product
Exhibits 6: Executive Summary - Chart on Incremental Growth
Exhibits 7: Executive Summary - Data Table on Incremental Growth
Exhibits 8: Executive Summary - Chart on Company Market Positioning
Exhibits 9: Parent Market
Exhibits 10: Data Table on - Parent Market
Exhibits 11: Market characteristics analysis
Exhibits 12: Value Chain Analysis
Exhibits 13: Offerings of companies included in the market definition
Exhibits 14: Market segments
Exhibits 15: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibits 16: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibits 17: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits 18: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits 19: Historic Market Size - Data Table on Global Industrial Design Market 2018 - 2022 ($ billion)
Exhibits 20: Historic Market Size - Product Segment 2018 - 2022 ($ billion)
Exhibits 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
Exhibits 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)
Exhibits 23: Five forces analysis - Comparison between 2023 and 2028
Exhibits 24: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 26: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 27: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 28: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 29: Chart on Market condition - Five forces 2023 and 2028
Exhibits 30: Chart on Product - Market share 2023-2028 (%)
Exhibits 31: Data Table on Product - Market share 2023-2028 (%)
Exhibits 32: Chart on Comparison by Product
Exhibits 33: Data Table on Comparison by Product
Exhibits 34: Chart on Product design - Market size and forecast 2023-2028 ($ billion)
Exhibits 35: Data Table on Product design - Market size and forecast 2023-2028 ($ billion)
Exhibits 36: Chart on Product design - Year-over-year growth 2023-2028 (%)
Exhibits 37: Data Table on Product design - Year-over-year growth 2023-2028 (%)
Exhibits 38: Chart on Model design and fabrication - Market size and forecast 2023-2028 ($ billion)
Exhibits 39: Data Table on Model design and fabrication - Market size and forecast 2023-2028 ($ billion)
Exhibits 40: Chart on Model design and fabrication - Year-over-year growth 2023-2028 (%)
Exhibits 41: Data Table on Model design and fabrication - Year-over-year growth 2023-2028 (%)
Exhibits 42: Chart on Others - Market size and forecast 2023-2028 ($ billion)
Exhibits 43: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
Exhibits 44: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibits 45: Data Table on Others - Year-over-year growth 2023-2028 (%)
Exhibits 46: Market opportunity by Product ($ billion)
Exhibits 47: Data Table on Market opportunity by Product ($ billion)
Exhibits 48: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 49: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibits 50: Data Table on Market share By Geographical Landscape 2023-2028 (%)
Exhibits 51: Chart on Geographic comparison
Exhibits 52: Data Table on Geographic comparison
Exhibits 53: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibits 54: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibits 55: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibits 56: Data Table on APAC - Year-over-year growth 2023-2028 (%)
Exhibits 57: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibits 58: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibits 59: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibits 60: Data Table on North America - Year-over-year growth 2023-2028 (%)
Exhibits 61: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibits 62: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibits 63: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibits 64: Data Table on Europe - Year-over-year growth 2023-2028 (%)
Exhibits 65: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibits 66: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibits 67: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibits 68: Data Table on South America - Year-over-year growth 2023-2028 (%)
Exhibits 69: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibits 70: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibits 71: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits 72: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits 73: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibits 74: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibits 75: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibits 76: Data Table on US - Year-over-year growth 2023-2028 (%)
Exhibits 77: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibits 78: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibits 79: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibits 80: Data Table on China - Year-over-year growth 2023-2028 (%)
Exhibits 81: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibits 82: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibits 83: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibits 84: Data Table on Germany - Year-over-year growth 2023-2028 (%)
Exhibits 85: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibits 86: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibits 87: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibits 88: Data Table on Japan - Year-over-year growth 2023-2028 (%)
Exhibits 89: Chart on India - Market size and forecast 2023-2028 ($ billion)
Exhibits 90: Data Table on India - Market size and forecast 2023-2028 ($ billion)
Exhibits 91: Chart on India - Year-over-year growth 2023-2028 (%)
Exhibits 92: Data Table on India - Year-over-year growth 2023-2028 (%)
Exhibits 93: Market opportunity By Geographical Landscape ($ billion)
Exhibits 94: Data Tables on Market opportunity By Geographical Landscape ($ billion)
Exhibits 95: Impact of drivers and challenges in 2023 and 2028
Exhibits 96: Overview on criticality of inputs and factors of differentiation
Exhibits 97: Overview on factors of disruption
Exhibits 98: Impact of key risks on business
Exhibits 99: Companies covered
Exhibits 100: Matrix on companies position and classification
Exhibits 101: Ammunition LLC - Overview
Exhibits 102: Ammunition LLC - Product / Service
Exhibits 103: Ammunition LLC - Key offerings
Exhibits 104: Bresslergroup - Overview
Exhibits 105: Bresslergroup - Product / Service
Exhibits 106: Bresslergroup - Key offerings
Exhibits 107: Designworks - Overview
Exhibits 108: Designworks - Product / Service
Exhibits 109: Designworks - Key offerings
Exhibits 110: IDEO LP - Overview
Exhibits 111: IDEO LP - Product / Service
Exhibits 112: IDEO LP - Key offerings
Exhibits 113: Karten Design - Overview
Exhibits 114: Karten Design - Product / Service
Exhibits 115: Karten Design - Key offerings
Exhibits 116: PDD Group Ltd. - Overview
Exhibits 117: PDD Group Ltd. - Product / Service
Exhibits 118: PDD Group Ltd. - Key offerings
Exhibits 119: RKS DESIGN INC. - Overview
Exhibits 120: RKS DESIGN INC. - Product / Service
Exhibits 121: RKS DESIGN INC. - Key offerings
Exhibits 122: Seymour Powell Ltd. - Overview
Exhibits 123: Seymour Powell Ltd. - Product / Service
Exhibits 124: Seymour Powell Ltd. - Key offerings
Exhibits 125: TEAGUE - Overview
Exhibits 126: TEAGUE - Product / Service
Exhibits 127: TEAGUE - Key offerings
Exhibits 128: WHIPSAW INC. - Overview
Exhibits 129: WHIPSAW INC. - Product / Service
Exhibits 130: WHIPSAW INC. - Key offerings
Exhibits 131: Inclusions checklist
Exhibits 132: Exclusions checklist
Exhibits 133: Currency conversion rates for US$
Exhibits 134: Research methodology
Exhibits 135: Information sources
Exhibits 136: Data validation
Exhibits 137: Validation techniques employed for market sizing
Exhibits 138: Data synthesis
Exhibits 139: 360 degree market analysis
Exhibits 140: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the global industrial design market: Advanta Design Group Inc., Ammunition LLC, Astronics Corp., Beyonddesign Inc., Bresslergroup, Concepto Studios Inc., Designworks, Fahrenheit Design LLC, Fig40, Gibson Product Design, IDEO LP, Karten Design, PDD Group Ltd., RKS DESIGN INC., RSW GbR, Seymour Powell Ltd., Shanghai Bonaudi Cultural Communication Co. Ltd., tangerine ltd, TEAGUE, and WHIPSAW INC..

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is end-users gradually shifting to 4d cad."

According to the report, one of the major drivers for this market is the increasing demand for computer-aided design (CAD) for manufacturing products.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Advanta Design Group Inc.
  • Ammunition LLC
  • Astronics Corp.
  • Beyonddesign Inc.
  • Bresslergroup
  • Concepto Studios Inc.
  • Designworks
  • Fahrenheit Design LLC
  • Fig40
  • Gibson Product Design
  • IDEO LP
  • Karten Design
  • PDD Group Ltd.
  • RKS DESIGN INC.
  • RSW GbR
  • Seymour Powell Ltd.
  • Shanghai Bonaudi Cultural Communication Co. Ltd.
  • tangerine ltd
  • TEAGUE
  • WHIPSAW INC.